Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Neugebauer Seeks More Libor Information

(Corrects date in third paragraph.)

July 23 (Bloomberg) -- Representative Randy Neugebauer is seeking more information from the Federal Reserve Bank of New York on its communications with banks that are involved in setting the London interbank offered rate.

Neugebauer asked for all communications from August 2007 until July of this year between employees of the New York Fed and staff at the 16 banks that submit Libor rates, the Texas Republican said in a letter released today.

“There are still many outstanding questions that merit further investigation,” he said in the letter addressed to William C. Dudley, president of the regional Fed bank. On July 13, the New York Fed released documents showing it was aware that Barclays Plc underreported Libor rates in 2008.

To contact the reporter on this story: Cheyenne Hopkins in Washington at chopkins19@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.